Can I retire at age 55 with 10,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$900,112$892,094$884,272$876,637$869,181$847,825
2 years$445,600$437,301$429,258$421,460$413,896$392,512
3 years$294,116$285,781$277,758$270,033$262,593$241,849
4 years$218,389$210,079$202,137$194,544$187,283$167,340
5 years$172,964$164,705$156,867$149,428$142,370$123,282
6 years$142,691$134,494$126,772$119,499$112,652$94,439
7 years$121,076$112,948$105,348$98,247$91,616$74,280
8 years$104,872$96,817$89,343$82,417$76,005$59,538
9 years$92,275$84,297$76,951$70,201$64,007$48,396
10 years$82,204$74,303$67,088$60,514$54,537$39,764
11 years$73,969$66,148$59,063$52,665$46,904$32,947
12 years$67,112$59,371$52,417$46,194$40,646$27,482
13 years$61,314$53,654$46,831$40,783$35,444$23,047
14 years$56,349$48,770$42,078$36,202$31,070$19,413
15 years$52,049$44,552$37,991$32,286$27,356$16,412
16 years$48,291$40,876$34,444$28,909$24,178$13,916
17 years$44,978$37,645$31,343$25,974$21,438$11,829
18 years$42,037$34,786$28,612$23,408$19,061$10,076
19 years$39,408$32,239$26,193$21,151$16,990$8,598
20 years$37,046$29,958$24,039$19,156$15,176$7,348
21 years$34,911$27,905$22,111$17,386$13,580$6,288
22 years$32,972$26,048$20,379$15,808$12,173$5,386
23 years$31,205$24,362$18,816$14,396$10,927$4,618
24 years$29,588$22,826$17,402$13,130$9,822$3,962
25 years$28,102$21,421$16,117$11,991$8,838$3,402
26 years$26,733$20,132$14,948$10,964$7,961$2,923
27 years$25,467$18,947$13,881$10,036$7,177$2,512
28 years$24,294$17,853$12,904$9,195$6,476$2,160
29 years$23,203$16,843$12,008$8,432$5,848$1,858
30 years$22,188$15,906$11,185$7,738$5,284$1,599
31 years$21,239$15,037$10,428$7,107$4,777$1,376
32 years$20,352$14,228$9,729$6,532$4,321$1,185
33 years$19,520$13,474$9,084$6,006$3,911$1,020
34 years$18,739$12,770$8,488$5,526$3,541$878
35 years$18,004$12,112$7,935$5,087$3,207$757
36 years$17,312$11,496$7,423$4,685$2,906$652
37 years$16,658$10,919$6,948$4,317$2,634$561
38 years$16,041$10,377$6,507$3,979$2,388$484
39 years$15,456$9,867$6,096$3,669$2,165$417
40 years$14,902$9,388$5,714$3,384$1,964$359
41 years$14,376$8,936$5,358$3,122$1,782$309
42 years$13,877$8,511$5,026$2,881$1,617$267
43 years$13,403$8,109$4,716$2,660$1,467$230
44 years$12,951$7,730$4,427$2,456$1,332$198
45 years$12,520$7,371$4,157$2,268$1,209$171
46 years$12,110$7,032$3,904$2,095$1,098$147
47 years$11,718$6,710$3,668$1,936$997$127
48 years$11,343$6,406$3,447$1,789$905$109
49 years$10,985$6,117$3,240$1,653$822$94
50 years$10,642$5,843$3,046$1,528$747$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,900,000, adding $6,956 every year, while hoping to spend $30,122 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 79/9/12 Blend
54$10,900,000$10,900,000$10,900,000$10,900,000
55$12,018,975$11,441,275$11,272,325$12,941,005
56$13,212,861$11,969,848$11,617,898$14,076,630
57$14,527,514$12,523,311$11,974,039$15,317,652
58$15,975,220$13,102,853$12,341,069$16,678,322
59$17,569,517$13,709,718$12,719,320$18,170,586
60$19,325,325$14,345,212$13,109,134$19,807,598
61$21,259,083$15,010,702$13,510,865$21,603,842
62$23,388,905$15,707,622$13,924,874$23,575,269
63$25,734,753$16,437,475$14,351,537$25,739,445
64$28,318,623$17,201,836$14,791,239$28,115,717
65$31,164,754$18,002,357$15,244,376$30,725,392
66$34,299,855$18,840,769$15,711,360$33,591,938
67$37,753,360$19,718,887$16,192,610$36,741,201
68$41,557,703$20,638,612$16,688,563$40,201,651
69$45,748,624$21,601,940$17,199,665$44,004,648
70$50,365,508$22,610,959$17,726,378$48,184,734
71$55,451,756$23,667,862$18,269,177$52,779,958
72$61,055,193$24,774,946$18,828,553$57,832,235
73$67,228,523$25,934,618$19,405,010$63,387,737
74$74,029,822$27,149,404$19,999,067$69,497,327
75$81,523,089$28,421,950$20,611,261$76,217,038
76$89,778,849$29,755,031$21,242,144$83,608,598
77$98,874,820$31,151,556$21,892,284$91,740,012
78$108,896,644$32,614,574$22,562,267$100,686,198
79$119,938,696$34,147,282$23,252,698$110,529,696
80$132,104,977$35,753,033$23,964,197$121,361,439
81$145,510,093$37,435,341$24,697,407$133,281,614
82$160,280,340$39,197,889$25,452,987$146,400,600
83$176,554,890$41,044,542$26,231,618$160,840,007
84$194,487,112$42,979,347$27,034,000$176,733,826
85$214,246,015$45,006,553$27,860,857$194,229,681
86$236,017,845$47,130,610$28,712,931$213,490,227
87$260,007,841$49,356,186$29,590,990$234,694,679
88$286,442,176$51,688,174$30,495,824$258,040,499
89$315,570,090$54,131,707$31,428,246$283,745,253
90$347,666,242$56,692,163$32,389,095$312,048,668
91$383,033,303$59,375,183$33,379,234$343,214,883
92$422,004,815$62,186,683$34,399,554$377,534,942
93$464,948,338$65,132,862$35,450,971$415,329,534
94$512,268,920$68,220,224$36,534,430$456,952,018
95$564,412,921$71,455,586$37,650,904$502,791,750
96$621,872,226$74,846,096$38,801,396$553,277,755
97$685,188,889$78,399,251$39,986,939$608,882,770
98$754,960,251$82,122,910$41,208,597$670,127,704
99$831,844,578$86,025,314$42,467,467$737,586,543
100$916,567,276$90,115,105$43,764,677$811,891,768